Peru shows the highest indicators of financial soundness among the major economies in the region thanks to the level of Net International Reserves (NIR) accumulated in recent years, the Peruvian Central Reserve Bank (BCR) affirmed.
It is important to note that Net International Reserves, which contribute to the economic and financial stability of the country, reached US$59.865 billion by August 7th, 2015. NIR are mainly made up of international liquid assets.
In its weekly report, BCR indicated the reached level is equivalent to 29% of Peruvian GDP and 19 months of imports; higher than those of Colombia (9 months), Chile (7 months) and Mexico (6 months).
Likewise, it contributes to reducing the country risk and improving credit rating, which leads to better conditions for obtaining business loans in overseas and for expanding foreign investment in the nation.
(END) RGP/RGP/MVB
Published: 8/17/2015